EXHIBIT 9(b)(8)
AMENDMENT NUMBER 4 TO THE REMOTE
ACCESS AND RELATED SERVICES AGREEMENT
THIS AMENDMENT, dated as of June 30, 1998 is made to the Remote Access and
Related Services Agreement dated December 23, 1994, as amended (the
"Agreement") between each registered investment company listed on Exhibit 1
of the Agreement (the "Fund") and First Data Investor Services Group, Inc.
("FDISG").
WITNESSETH
WHEREAS, the Fund and FDISG desire to further amend the Agreement to
reflect certain changes thereto.
NOW THEREFORE, in consideration of the mutual covenants contained herein,
the parties agree that as of the date first referenced above, the Agreement
shall be amended as follows:
1. Section 14(a) of the Agreement (as amended by Amendment Number 3) is
hereby deleted in its entirety and replaced with the following new Section
14(a):
"(a) This Agreement which became effective as of December 23, 1994 is
hereby extended and shall continue through December 31, 2002 (the
"Initial Term"). Upon the expiration of the Initial Term, this
Agreement shall automatically renew for successive terms of one
(1) year ("Renewal Terms") each, unless the Fund or FDISG
provides written notice to the other of its intent not to renew.
Such notice must be received not less than one-hundred and eighty
(180) days prior to the expiration of the Initial Term or the
then current Renewal Term."
2. Effective January 1, 1999, Section I "Shareholder Account Fees" of
Schedule C "Fee Schedule" (as amended by Amendment Number 3) is amended by
deleting Section I in its entirety and adding the following new Section I:
"I. SHAREHOLDER ACCOUNT FEES. The Fund shall pay the following fees:
For the period beginning on January 1, 1999, and continuing through
December 31, 2002, the Fund shall pay FDISG an annualized fee for
shareholder accounts open during any monthly period ("Open Account Fee")
as follows:
Account Volume Fee per shareholder account
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1-1.5 million $3.50
1.5-3 million $2.40
3-4 million $2.00
4-5 million $1.90
Exceeding 5 million $1.80
The Fund also shall pay FDISG Group an annualized fee of $1.60 per
shareholder account that is closed during any monthly period
("Closed Account Fee")(The Open Account Fees and Closed
Account Fees hereafter collectively referred to as "Shareholder
Account Fees"). The Shareholder Account Fees shall be billed by
FDISG monthly in arrears on a prorated basis of 1/12 of the
annualized fee for all such accounts.
In addition, on January 1 of the years 2001 and 2002 the
Shareholder Account fees may be increased by FDISG in an amount
equal to the lesser of (i) the cumulative percentage increase in
the Consumer Price Index for all Urban Consumers (CPI-U) U.S.
City Average, All Items (unadjusted - (1982-84 + 100), published
by the U.S. Department of Labor, or (ii) seven percent (7%) of
the Shareholder Account Fees charged by FDISG to the Fund for the
preceding twelve (12) month period.
In return for the Shareholder Account Fees, FDISG agrees to
provide the following to the Fund:
- Remote Access to FDISG's FSR System
- License for 512 IMPRESS Plus seats. Includes six weeks of
technical training (Completed)
- Conversion of the GT Global Funds into the AIM Family of Funds.
Conversion estimated at 4500 hours of systems development.
- License for up to 15 copies of FDISG's ACE+ (Automate Control
Environment) software as further defined in Schedule H.
- Dedicated Programming Support equivalent to 1 Systems Manager,
4 Programmers, and 2 Business Systems Analysts.
- Separate FSR processing cycle
- Implementation of a Separate FSR processing cycle by September
15, 1997, as more fully described in the attached Exhibit 3 of
this Schedule C (Completed)
- Implementation of the core TA system functionality identified
in Exhibit 1 of this Schedule C (Completed)
- Implementation of IWT Release 5.x functionality as identified in
Exhibit 2 of this Schedule C (Completed)
- Continued use of FDISG's Price/Rate Transmission (PRAT)
application. The PRAT Application will accept prices and
dividend rates from the Fund Accounting Department of the Fund
electronically and post them to the FDISG Pricing System. The
PRAT application will run interconnected via Local Area Network
hardware and software."
The Agreement, as previously amended and as amended by this Amendment,
("Modified Agreement") constitutes the entire agreement between the parties
with respect to the subject matter hereof. The Modified Agreement supersedes
all prior and contemporaneous agreements between the parties in connection
with the subject matter hereof. No officer, employee, servant
or other agent of either party is authorized to make any representation,
warranty, or other promises not expressly contained herein with respect to
the subject matter hereof.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their duly authorized officers, as of the day and year first
above written.
On behalf of the Funds and respective Portfolios and Classes set forth in
Exhibit 1 of the Agreement, as amended and as may be amended in the future
from time to time.
By: /s/ XXXX XXXXXXXX
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Title: A I M Fund Services, Inc.
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FIRST DATA INVESTOR SERVICES GROUP, INC.
By: /s/ ILLEGIBLE
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Title: Executive VP
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